“Uber had all kinds of cultural workplace problems…But, I don’t think what investors are penalizing Uber for is a lack of diversity among the leadership," he said on Tuesday. "They’re penalizing them because they don’t see the vision, they don’t see innovation. They see Uber losing a billion dollars a quarter."

Tusk, who was an early Uber investor, said he still sees a path for the ridesharing company to eventually become profitable.

“If they can become the way to get anything and everyone from point A to point B; whether it’s a car, a scooter, a drone delivery or a flying car or whatever else, then it’s a really good bet, because the world is going to change dramatically over the next ten to twenty years,” he said on "Varney & Co."